HSI Drops Sharply As Trump Comment Rattles Asia
"); jQuery("#212 h3").html("
"); });
2019-09-25 HKT 09:55
Hong Kong shares fell nearly 1 percent in the morning session Wednesday after US Democrats launched impeachment proceedings against Donald Trump and hopes of a breakthrough in trade talks receded following the president's tough talk on China.
The Hang Seng Index was down 1 percent, at 26,031 by the break.
On the mainland, the Shanghai Composite Index slipped 0.6 percent to 2,968, and the Shenzhen Composite Index fell 1.2 percent to 1,645.
Asian markets were down worries over international trade after Trump ripped into China at the UN, declaring that the time of Beijing's "abuses" of the system was "over".
Tokyo slipped 0.5 percent while Australian stocks were down 0.3 percent.
Oil prices took a hit, with both main contracts down 0.6 percent and in currency trading, the pound slipped against the US dollar in Asia.
The sterling had rallied on Tuesday following Britain's Supreme Court ruling that Prime Minister Boris Johnson's suspension of parliament was "unlawful".
"The ensuing British Pound rally was a bit underwhelming. It probably reflected the uncertainty of both Mr Johnson's tenure and the Brexit process with October the 31st looming," said Oanda's Halley. (AFP)
______________________________
Last updated: 2019-09-25 HKT 12:40
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more